What is a release in a settlement agreement? | Shapiro, Washburn & Sharp

When both parties reach a settlement agreement, the victim is required to sign a release before the agreed-upon compensation will be released by the insurance company. This document “releases” all legal claims the victim has against the at-fault party and the insurance company for their injuries. It is important to note that once the release is signed, the victim is not able to pursue additional damages should issues from the accident arise in the future.